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Report: Lundqvist to make $11M in first year of new deal

Dec 4, 2013, 9:05 PM EDT

Henrik Lundqvist Getty Images

Henrik Lundqvist will get a big chunk of his seven-year, $59.5 million extension up front. The New York Rangers will pay him $11 million ($3 million base salary plus an $8 million signing bonus) in 2014-15, Renaud Lavoie of The Journal de Montreal reports.

Lavoie provides a year-by-year salary breakdown:

2014-15: $11 million
15-16: $10M
16-17: $9.5M
17-18: $9M
18-19: $7.5M
19-20: $7M
20-21: $5.5M

This contract carries an $8.5 million cap hit and will cover him until he’s 39 years old.

Just some added information in case you weren’t jealous of the 31-year-old goalie already …

(To be fair, the Rangers aren’t new to handing out seven-figure salaries; Brad Richards received $12 million in both 2011-12 and 2012-13.)

  1. charlieconway96 - Dec 4, 2013 at 9:13 PM

    Definitely a good call to front load this one like they did.

    • killerpgh - Dec 4, 2013 at 9:51 PM

      Not necessarily.
      From Cap Geek:
      “Per the CBA reached in January 2013, teams receiving a “cap advantage” from long-term contracts (defined as seven years or more) will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year.”

  2. blomfeld - Dec 4, 2013 at 9:45 PM

    AN ABSOLUTE DISGRACE !

    With all kidding aside, this is probably the absolute ‘dumbest’ signing since the Vancouver Blazers (WHA) signed that ‘flake’ Pat Price for 1.3 million back in ’74 ! … like seriously, what exactly has this Swedish clown done to earn this kind of outrageous money? … “oh yeah, he won the Vezina man” … well save that for the sheep out there yonder … anybody would have won the Vezina that year on the Rangers, what with ’6 x goalies’ on the ice at all times, flopping around left, right and center … besides, who won the cup that year ? … you’ve got it Pontiac, them ‘glorious’ Kings of Los Angeles ! :)

    executive summary: Sather should be put on medical leave with ‘immediate’ effect

  3. jessejames182 - Dec 4, 2013 at 10:53 PM

    Seriously though, why pay him so much? He hasn’t won a cup, or even made it to the Stanley Cup final. I get that he’s better than average goal tenders but you’d think the Rags wouldn’t throw the whole bank at him, until he’s taken them all the way. Even if he threatened to leave, there’s not a lot of teams that are a goalie away from being contenders. Rags GM just panicked.

  4. bruinspaw - Dec 5, 2013 at 5:00 AM

    A handsome salary for a handsome man….. Seriously though have teams not learned anything about goalies and long term, high salary contracts. Boggles the mind.

  5. nicknyhc - Dec 5, 2013 at 5:44 AM

    The “he hasn’t won a cup yet so don’t pay him a lot of money” argument is stupid.

    If that were the case Ovechkin, Stamkos, the Sedins, ect wouldn’t have their contracts. Jeremy Roenick wouldn’t have gotten paid his entire career.

    You win a cup by putting together a great team with great players. Great players cost money.

  6. xdj511 - Dec 5, 2013 at 9:21 AM

    Wow… a front-loaded contract? That’s brilliant! So the Rangers pay him 11 million now while he’s worth that much and 5.5 million in the last year of the deal, when hopefully he’s still able to strap on the pads and make a difference.

    This is New York, we don’t want to hear about all of that salary cap nonsense, blah blah blah, we pay our marquee players and damn the consequences!

    • darksidecowboy - Dec 5, 2013 at 2:45 PM

      that sounds about right, the NY way

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